Stock Island Marina Village Condominium Association

Key facts from Stock Island Marina Village Condominium Association's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1.3)

Legal name

STOCK ISLAND MARINA VILLAGE CONDOMINIUM ASSOCIATION, INC. (Section 2.5)

Developer / declarant

LONGSTOCK II, LLC, a Florida limited liability company (Preamble)

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Section 1.2, 2.1)

Assessments & dues

Board prepares annual budget and determines assessments (Section 13)

Special assessments

Allowed; Special Assessments and Capital Improvement Assessments defined (Section 13.2)

Collections & liens

Association has lien for unpaid assessments; may foreclose as mortgage; notice required before foreclosure judgment (Section 13.3, 13.4)

Reserves & fees

Required by Act; included in Common Expenses (Section 2.11(a))

Architectural approval

Yes, prior written consent of Developer or Board for additions, alterations, improvements to Unit or Limited Common Elements (Section 9.1)

Maintenance

Association maintains Common Elements and Association Property; Owner maintains Unit and Limited Common Elements (Sections 7.1, 7.2)

Insurance

Association shall purchase insurance covering Common Elements and Association Property (Section 14.1(a))

Voting & meetings

Each Unit entitled to one vote, cast by its Owner. Unit Owner is a member of the Association. (Section 5.2)

Amendments

By Association: majority of voting interests; material amendments: affected owner and mortgagee joinder plus majority; Developer may unilaterally amend while controlling board (Section 6.1, 6.2, 6.5)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.